scholarly journals Accounting Choices in Corporate Financial Reporting: A Literature Review of Positive Accounting Theory

2017 ◽  
Author(s):  
İdil Kaya
Keyword(s):  
Literature Review ◽  
Financial Reporting ◽  
Accounting Choices ◽  
Accounting Theory ◽  
Positive Accounting Theory ◽  
Corporate Financial Reporting

scholarly journals FINANCIAL REPORTING CONSEQUENCES OF CAPITAL XENOPHOBIA

2019 ◽  
Vol 13 (3) ◽  
Author(s):  
David Godsell
Keyword(s):  
National Security ◽  
Financial Reporting ◽  
Foreign Capital ◽  
Important Determinant ◽  
The Political ◽  
Extant Literature ◽  
Political Cost ◽  
Accounting Theory ◽  
Positive Accounting Theory

The purpose of this editorial is to describe financial protectionism as a potentially important determinant of financial reporting outcomes. Fear of foreign capital, or capital xenophobia, spurs financial protectionism. Examining the effects of financial protectionism on financial reporting outcomes potentially permits an expansion of positive accounting theory and, in particular, the political cost hypothesis. I first describe extant literature examining the political cost hypothesis. I then describe national-security related drivers of capital xenophobia. Next, I examine settings in which we can observe variation in financial protectionism. I conclude by positing varied paths by which financial protectionism can affect financial reporting outcomes.

scholarly journals The opportunistic approach of the Positive Accounting Theory (PAT) fails to explain choices made at OGX: An anomalous situation?

2019 ◽  
Vol 13 ◽  
pp. e164412
Author(s):  
Adolfo Henrique Coutinho e Silva ◽  
Moacir Sancovschi ◽  
Ariane Gabriela Chagas dos Santos
Keyword(s):  
Life Cycle ◽  
Longitudinal Case Study ◽  
Corporate Scandals ◽  
Study Approach ◽  
Accounting Choices ◽  
Accounting Theory ◽  
Income Accounting ◽  
Accounting Changes ◽  
Positive Accounting Theory

This paper has two objectives: (1) to demonstrate that the main accounting choices made by accountants and managers of OGX Company throughout its full business life cycle were not opportunistic, as often suggested by the hypothesis of Positive Accounting Theory; and (2) to demonstrate that these accounting choices may be better explained by the Theory of Corporate Scandals, by the Monitoring Hypothesis and by the Corporate Reputation Hypothesis. The research was conducted using a longitudinal case study approach, from 2006-2015, in order to identify visible accounting decisions in annual financial statements reports. It was found that the analyzed Company had the incentives to preform opportunistic accounting choices, such as the ones predicted by the PAT hypothesis and had also done through several situations in its business life cycle that could have influenced it to perform opportunistic accounting choices. However, there is no evidence that the Company ever made use of either opportunistic increasing-income accounting changes to impact their financial debt-covenants and bonus plan, or decreasing-income accounting to avoid government intervention, as suggested by the opportunistic approach of PAT hypothesis.

scholarly journals The implementation of IFRS in Indonesian Islamic accounting

2019 ◽  
Vol 21 (3) ◽  
pp. 361
Author(s):  
Agus Arwani
Keyword(s):  
Literature Review ◽  
Financial Reporting ◽  
Accounting Standards ◽  
Financial Accounting ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Accounting Theory ◽  
Local Languages ◽  
Ifrs Implementation

This research examines the IFRS  implementation in Indonesian Islamic accounting. It employs a literature review method to systematically explain the accounting theory, the Islamic Financial Accounting Standards, and International Financial Reporting Standards (IFRS).  This study concludes that there is a conflict between the International Financial Reporting Standards (IFRS) and some Islamic principles which has not been yet resolved. The Islamic accounting is also facing some complex issues related to the convergence of International Financial Reporting Standards in Indonesia due to incorrect implementation of IFRS in some countries related to the translation problems from English to local languages. The biggest problem in implementing IFRS convergence for business is dealing with the expenses spent for the development of knowledge, supports and trainings for consultants

WILLIAM O. DOUGLAS ON THE TRANSFER OF THE SECURITIES AND EXCHANGE COMMISSION'S AUTHORITY FOR THE DEVELOPMENT OF RULES FOR FINANCIAL REPORTING

1986 ◽  
Vol 13 (2) ◽  
pp. 125-129 ◽  
Author(s):  
Robert Chatov
Keyword(s):  
Private Sector ◽  
Financial Reporting ◽  
Corporate Financial Reporting

As an SEC Commissioner, William O. Douglas favored active SEC participation in the development of rules of accounting for financial reporting under the Securities Acts. A retrospective letter dated September 29, 1973 indicates that the pre-War SEC Commission did not contemplate the virtually complete transfer to the private sector of the authority for development of corporate financial reporting that characterizes the position of today's SEC.

A CHRONOLOGY OF THE DEVELOPMENT OF CORPORATE FINANCIAL REPORTING IN CANADA: 1850 TO 1983

1986 ◽  
Vol 13 (1) ◽  
pp. 31-62 ◽  
Author(s):  
George J. Murphy
Keyword(s):  
Financial Reporting ◽  
The United States ◽  
Company Law ◽  
Economic Relationships ◽  
Professional Activities ◽  
Financial Reporting Standards ◽  
Significant Events ◽  
Canadian Institute ◽  
Chartered Accountants ◽  
Corporate Financial Reporting

A chronology of significant events in the development of corporate financial reporting standards and practices is presented. The introductory comments to the various sections direct attention to some of the main patterns and trends in that development and provide the framework in which the listing of events is to be interpreted. The particularly significant domestic sources of influence are the legislative and professional activities in Ontario and, in more recent times, the activities of the Canadian Institute of Chartered Accountants. External influences have been—not unexpectedly—the traditions of English Company law and the close professional, institutional and economic relationships with the United States. Some internationally significant developments unique to Canada are indicated.

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